United Kingdom GDP Annual Growth Rate  1956-2016 | Data | Chart | Calendar

The British economy advanced 1.9 percent year-on-year in the last three months of 2015, slowing from a 2.1 percent expansion in the previous period, preliminary estimates showed. It is the worst performance since the first three months of 2013. Considering full 2015, the GDP grew 2.2 percent, lower than 2.9 percent in 2014. GDP Annual Growth Rate in the United Kingdom averaged 2.47 percent from 1956 until 2015, reaching an all time high of 9.80 percent in the first quarter of 1973 and a record low of -5.90 percent in the first quarter of 2009. GDP Annual Growth Rate in the United Kingdom is reported by the Office for National Statistics.

United Kingdom GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.10 9.80 -5.90 1956 - 2015 percent Quarterly
The United Kingdom is the sixth largest economy in the world and the third largest in Europe after Germany and France. The Services sector is the most important and accounts for 79 percent to total GDP. The biggest segments within Services are: government, education and health (19 percent of total GDP); real estate (12 percent); professional, scientific and technical activities and administrative and support services (12 percent); wholesale and retail trade (11 percent); and financial and insurance (8 percent). Industry accounts for 21 percent of the GDP and the largest segments within this sector are: manufacturing (10 percent of total GDP) and construction (6 percent). The Agriculture sector accounts for only 1 percent of GDP. This page provides the latest reported value for - United Kingdom GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-27 09:30 AM Q3 2.3% 2.4% 2.3% 2.3%
2015-12-23 09:30 AM Q3 2.1% 2.3% 2.3% 2.3%
2016-01-28 09:30 AM Q4 1.9% 2.1% 1.9% 2%
2016-02-25 09:30 AM Q4 2.1% 1.9% 1.9%
2016-03-31 08:30 AM Q4 2.1% 1.9%
2016-04-27 08:30 AM Q1 1.97%

UK Annual GDP Growth Weakest Since 2013


The British economy advanced 1.9 percent year-on-year in the last three months of 2015, slowing from a 2.1 percent growth in the previous period, preliminary estimates showed. It is the worst performance since the first three months of 2013 as expansion in the services and industry slowed.

In the last three months of 2015, the services sector expanded 2.2 percent year-on-year, slowing from a 2.4 percent growth in the previous period. Industry grew 1.1 percent, lower than 1.4 percent in the previous two quarters. The manufacturing sector shrank 1 percent, second straight decline; while electricity, gas, steam and air rebounded (up 2 percent from -0.5 percent in the third quarter); and mining went up 10 percent (12.2 percent in the third quarter). The agricultural sector shrank 1.8 percent, after a 0.1 percent contraction in the previous quarter. 

Quarter-on-quarter, the GDP advanced 0.5 percent, accelerating from a 0.4 percent growth in the previous period and in line with market expectations as services sector boosted the expansion while industry contracted.  

Considering full 2015, the GDP grew 2.2 percent, lower than 2.9 percent in 2014. Growth in the services sector slowed to 2.5 percent from 3.3 percent in 2014. Industrial production expanded at a slower 1.2 percent (1.3 percent in 2014): mining (up 6.9 percent from -0.5 percent in 2014) and utilities (1.8 percent from -5.8 percent in 2014) rebounded while manufacturing shrank 0.1 percent (2.7 percent in 2014). In addition, construction increased 3.2 percent (7.5 percent in 2014) and agriculture went up 0.7 percent (14.3 percent in 2014).

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
1/28/2016 11:18:10 AM

United Kingdom GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.40 5.00 -2.70 percent [+]
GDP Annual Growth Rate 1.90 2.10 9.80 -5.90 percent [+]
GDP 2988.89 2712.30 2988.89 72.33 USD Billion [+]
GDP Constant Prices 450239.00 447999.00 450239.00 103840.00 GBP Million [+]
Gross National Product 464785.00 458087.00 464785.00 4726.00 GBP Million [+]
Gross Fixed Capital Formation 77415.00 76848.00 78763.00 13331.00 GBP Million [+]
GDP per capita 40967.70 40199.32 41567.28 13478.88 USD [+]
GDP per capita PPP 37613.54 36908.06 38164.02 26016.61 USD [+]
GDP From Agriculture 2953.00 2936.00 3009.00 2156.00 GBP Million [+]
GDP From Construction 24333.00 24365.00 25502.00 19510.00 GBP Million [+]
GDP From Manufacturing 38624.00 38622.00 41618.00 35763.00 GBP Million [+]
GDP From Mining 7815.00 7924.00 17696.00 6875.00 GBP Million [+]
GDP From Public Administration 18788.00 18786.00 21418.00 18052.00 GBP Million [+]
GDP From Services 320602.00 318505.00 320602.00 162406.00 GBP Million [+]
GDP From Transport 17664.00 17747.00 18468.00 10264.00 GBP Million [+]




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South Sudan 15.90 Dec/14
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China 6.80 Dec/15
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Malta 5.40 Sep/15
Benin 5.10 Sep/15
Gabon 5.10 Dec/14
Indonesia 5.04 Dec/15
Bolivia 5.01 Jun/15
Uganda 4.90 Sep/15
Sri Lanka 4.82 Sep/15
Niger 4.80 Sep/15
Sao Tome and Principe 4.80 Dec/14
Angola 4.70 Dec/14
Burundi 4.70 Dec/14
Czech Republic 4.70 Sep/15
Malaysia 4.70 Sep/15
Morocco 4.70 Dec/15
Nicaragua 4.70 Sep/15
Oman 4.60 Dec/14
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Egypt 4.50 Jun/15
Guinea Bissau 4.50 Sep/15
Lesotho 4.40 Dec/14
Mali 4.30 Sep/15
Burkina Faso 4.20 Sep/15
Fiji 4.20 Dec/14
Guinea 4.20 Dec/14
Montenegro 4.20 Sep/15
Pakistan 4.14 Dec/14
Algeria 4.00 Dec/14
Bhutan 4.00 Dec/14
Cuba 4.00 Dec/15
Turkey 4.00 Sep/15
Zimbabwe 4.00 Dec/14
Sweden 3.90 Sep/15
Qatar 3.80 Sep/15
Slovakia 3.70 Sep/15
Ghana 3.60 Sep/15
Guyana 3.60 Dec/14
Poland 3.60 Dec/15
Romania 3.60 Sep/15
Saudi Arabia 3.60 Sep/15
Guatemala 3.50 Jun/15
Kyrgyzstan 3.50 Dec/15
Macedonia 3.50 Sep/15
Namibia 3.50 Sep/15
Spain 3.50 Dec/15
Kosovo 3.40 Jun/15
Mauritius 3.40 Sep/15
Suriname 3.40 Dec/14
Armenia 3.30 Sep/15
Colombia 3.20 Sep/15
Madagascar 3.20 Dec/14
Bosnia and Herzegovina 3.10 Sep/15
Honduras 3.10 Dec/14
Comoros 3.00 Dec/15
Costa Rica 3.00 Sep/15
Latvia 3.00 Dec/15
Norway 3.00 Sep/15
South Korea 3.00 Dec/15
Albania 2.98 Sep/15
Bulgaria 2.90 Sep/15
Georgia 2.90 Dec/15
Peru 2.90 Sep/15
Thailand 2.90 Sep/15
Nigeria 2.84 Sep/15
Croatia 2.80 Sep/15
Haiti 2.80 Dec/14
Seychelles 2.80 Dec/14
Sudan 2.70 Dec/14
El Salvador 2.60 Sep/15
Iceland 2.60 Sep/15
Jordan 2.60 Sep/15
Mongolia 2.60 Sep/15
Somalia 2.60 Dec/14
Israel 2.52 Sep/15
Australia 2.50 Sep/15
Mexico 2.50 Dec/15
Slovenia 2.50 Sep/15
Swaziland 2.50 Dec/14
Bahrain 2.40 Sep/15
Hungary 2.40 Sep/15
Argentina 2.30 Jun/15
Hong Kong 2.30 Sep/15
New Zealand 2.30 Sep/15
Chile 2.20 Sep/15
Cyprus 2.20 Sep/15
Lebanon 2.00 Dec/14
Lithuania 2.00 Dec/15
Paraguay 2.00 Sep/15
Singapore 2.00 Dec/15
Brunei 1.90 Sep/15
Eritrea 1.90 Dec/14
European Union 1.90 Sep/15
Netherlands 1.90 Sep/15
United Kingdom 1.90 Dec/15
United States 1.80 Dec/15
Germany 1.70 Dec/15
Cayman Islands 1.60 Jun/15
Euro Area 1.60 Sep/15
Japan 1.60 Sep/15
France 1.50 Dec/15
Jamaica 1.50 Sep/15
Cape Verde 1.40 Sep/15
Portugal 1.40 Sep/15
Belgium 1.30 Dec/15
Serbia 1.30 Dec/15
Canada 1.20 Sep/15
Kazakhstan 1.20 Dec/15
Austria 1.10 Dec/15
Azerbaijan 1.00 Dec/15
Central African Republic 1.00 Dec/14
Ecuador 1.00 Jun/15
North Korea 1.00 Dec/14
South Africa 1.00 Sep/15
Bahamas 0.93 Dec/14
Italy 0.80 Sep/15
Switzerland 0.80 Sep/15
Estonia 0.70 Sep/15
Liberia 0.70 Dec/14
Iran 0.60 Mar/15
Uruguay 0.56 Sep/15
Denmark 0.50 Sep/15
New Caledonia 0.30 Dec/14
Barbados 0.20 Dec/14
Tunisia -0.10 Sep/15
Finland -0.20 Sep/15
Yemen -0.20 Dec/14
Taiwan -0.28 Dec/15
Greece -0.90 Sep/15
Puerto Rico -0.90 Dec/14
Belize -1.00 Sep/15
Gambia -1.40 Dec/14
Kuwait -1.60 Dec/14
Trinidad and Tobago -2.00 Sep/15
Equatorial Guinea -2.10 Dec/14
Syria -2.30 Dec/11
Iraq -2.40 Dec/14
Botswana -3.50 Sep/15
Moldova -3.70 Sep/15
Russia -3.80 Dec/15
Belarus -3.90 Jan/16
Brazil -4.50 Sep/15
Venezuela -7.10 Sep/15
Ukraine -7.20 Sep/15
Libya -21.80 Dec/14
Macau -24.20 Sep/15